OK, here we go. The following comes from Folksongs From Martha's Vineyard, Some Songs Of The Singing Tilton's Of Chilmark, As Learned And Sung By Gale Huntington. The foreward is by Edward D. (Sandy) Ives. It's dated 1967.

Pop Goes The Weasel
This song was popular as a singing game in England as early as the 17th Century. It is still popular in New England Today as a fiddle tune, although fiddle players are becoming scarcer and scarcer.
Many old tunes like "Pop Goes The Weasel" and "Yankee Doodle" were used in all sorts of verses. And that is what we have here. Stanza Two is surely the caller's directions for a square dance. Stanza Three goes back to the long and bitter disputes between the United States and England over fishing rights. The fourth stanza is about the all-absorbing question of slavery. The line, "While he makes white folks slaves at home" refers to the English mill workers who surely were economic slaves. The old pronunciation of "home" on Martha's Vineyard was almost always "hum" and a person was always "to hum" rather than "at home".

Of all the dances in the land
To galvanize the heart and hand
There's none that goes a-half so grand,
As "Pop Goes The Weasel"

Chorus:
All around the mulberry bush
The monkey chased the weasel,
Round and round and round and round,
Pop goes the weasel.

Chorus:

Go draw two lines as straight as a string,
Dive under like a duck and sing,
And round and round and three in a ring,
Pop goes the weasel.

Chorus:

John Bull sends forth his iron hounds,
To chase us off our fishing grounds,
He'd better stay within his bounds,
Pop goes the weasel.

Chorus:

He tells us in a pious hum
How we abuses Uncle Tom,
While he makes white folks slaves at home
Pop goes the weasel.

Chorus:

A penny for a spool of thread,
A penny for a needle,
That's the way the money goes,
Pop goes the weasel.

Chorus: